Nabors Swings to Loss

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

Nabors Industries Ltd. swung to a second-quarter loss in the contract driller's first full quarter since its business that includes hyrdaulic-fracturing services was combined with C&J; Energy Services Ltd. Under the deal, C&J; gained Nabors completion-and-production businesses in the U.S. ...

New Zealand's Unemployment Rate Inches Higher as Population Grows

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Rebecca Howard WELLINGTON, New Zealand--Unemployment rose in New Zealand in the second quarter as the working-age population increased on the back of rising migration. The seasonally adjusted unemployment rate was 5.9% in the three months to the end of ...

Shire Offers to Buy Baxalta for $30.6 Billion -- 9th Update

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Liz Hoffman And Denise Roland Shire PLC on Tuesday made public an unsolicited $30.6 billion takeover bid for rare-disease treatment maker Baxalta Inc., becoming the latest deal-hungry company refusing to take "no" for an answer amid the current deal ...

Indonesia 2Q GDP Growth Slows Further to Near 6-Year Low

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By I Made Sentana JAKARTA--Indonesia's economic growth slowed further to a near six-year low in the second quarter, dimming hopes that the economy will expand above 5% this year. Gross domestic product in Southeast Asia's largest economy rose 4.67% from ...

China's Services Sector Posts Gains in July, Cushioning Factory Weakness

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

BEIJING--China's services sector showed continued strength in July, a private survey showed Wednesday, cushioning persistent problems in manufacturing in the world's second-largest economy. The Caixin Services Purchasing Managers' Index climbed to an 11-month high in July despite a steep selloff ...

Asian Shares Gain After Rosy China Data

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Chao Deng Asian shares bounced off their morning lows after a gauge of China's service sector reached an 11-month high, brushing off concerns that a rise in U.S. interest rates could be getting closer. The Shanghai Composite Index is ...

New Rule to Lift Veil on Tax Breaks

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Theo Francis Cities and states have plied companies with tax breaks for decades hoping to attract jobs and commerce. A new accounting standard will force many to disclose the total annual cost. The rule approved Monday by the Governmental ...

Sunrun Prices IPO at $14 a Share

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

Sunrun Inc. priced its initial public offering at $14 a share late Tuesday, in line with expectations, according to people familiar with the deal. The company, which leases solar-power systems to homeowners, and selling shareholders raised about $251 million by ...

Asian Shares Fall on Fed Comments

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

Stocks across Asia fell Wednesday with heightened expectations that the U.S. is headed for a rise in interest rates after comments from a Federal Reserve board member. The Shanghai Composite Index opened 0.3% lower at 3745.65 and the smaller Shenzhen ...

China Caixin Service PMI Rose in July

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

BEIJING--The Caixin China services purchasing managers index rose to 53.8 in July, compared with 51.8 in June, Caixin Media Co. and research firm Markit said Wednesday, pointing to a recovery outside the nation's factory sector. A reading above 50 indicates ...

Dollar Remains Steady After Fed Official's Comments

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Hiroyuki Kachi The dollar remained steady against the yen and the euro during Asian trading hours Wednesday, with comments by a top Federal Reserve official signaling the central bank is moving closer to raising short-term rates. The greenback hit ...

Malaysia June Exports Unexpectedly Expand 5.0% on-Year

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Jason Ng KUALA LUMPUR--Malaysia's exports expanded 5.0% year-over-year in June, the fastest pace in a year, thanks to a surge in the shipments of electronics and palm oil that helped to cushion the plunge in natural gas and crude ...

Asian Shares Fall on Fed Comments

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Chao Deng Stocks across Asia fell Wednesday with heightened expectations that the U.S. is headed for a rise in interest rates after comments from a Federal Reserve board member. The Shanghai Composite Index opened 0.3% lower at 3745.65 and ...

Zillow Revenue More than Doubles

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

Zillow Group Inc. said Tuesday that its revenue more than doubled in the second quarter, boosted by a 74% increase in unique users and its acquisition of rival real-estate website Trulia. Shares of Zillow rose 7.8% to $80.01 a share ...

IMF Raises Concerns About Yuan as Reserve Currency

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

WASHINGTON?China will likely have to move ahead with market liberalization before the International Monetary Fund labels the country's yuan a reserve currency, IMF officials said Tuesday. If China's government doesn't move fast enough to remove restrictions on market access, it ...

Correction to Foxconn article

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

The government expects Indians to buy around $400 billion of electronics by 2020. "Foxconn Seeks Manufacturing Sites in India," at 0238 ET, incorrectly stated the figure as $400 million in the 16th paragraph. (Aug. 5, 2015) (END) Dow Jones Newswires ...

Nikkei Hong Kong July Purchasing Managers Index 48.2 Vs 49.2 in June

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Anjie Zheng HONG KONG--The Nikkei Hong Kong Purchasing Managers Index fell to 48.2 in July from 49.2 in June, showing companies suffered a further deterioration in overall business conditions, index compiler Markit Group Ltd. said Wednesday. Output and new ...

Excerpts From Atlanta Fed's Lockhart Interview -2-

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

LOCKHART: I am one who very strongly would like to avoid unnecessary market volatility around the announcement of liftoff. But we have put a stake on the grounds that we are going to make a decision based on the data. ...

Excerpts From Atlanta Fed's Lockhart Interview

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Jon Hilsenrath The economy is ready for the first increase in short-term interest rates in nearly seven years and it would take a significant deterioration in upcoming data to convince him not to move in September, Federal Reserve Bank ...